Apartments for foreigners in da nang

Apartments for foreigners in da nang

Firstly, it’s important to know that foreigners cannot own land in Vietnam.
Land in Vietnam is collectively owned by all Vietnamese people but is managed and distributed by the state.
As a foreigner, you can, however, own buildings or structures on the land. This is typically done through a leasehold arrangement.
The government allows foreigners to lease land for a maximum of 50 years, with the possibility of renewal upon expiration.
This leasehold approach is the closest option to ‘ownership’ of real estate for foreigners in Vietnam.
Regarding the type of properties you can buy, as a foreigner, you are permitted to purchase apartments in commercial housing projects.

However, there’s a limitation on the number of units a foreigner can own in a single apartment building
– usually capped at 30% of the total units in the building.
The rules for foreign real estate ownership do not significantly differ based on your country of origin.
The regulations are generally uniform for all foreigners, regardless of nationality.

Can foreigners buy apartments in Vietnam?
Foreign travelers from other countries are allowed to buy properties in Vietnam as long as they own a valid tourist visa.
The number of real property units which expats can purchase is unlimited.
However, it’s not permitted to buy more than 250 houses that reside in the same ward.

Buying property in Vietnam as a foreigner: a full guide
When buying a property in Vietnam, the following documents are required:

Apartments or real estate support legal purchases for foreigners
1. passport with a Vietnamese visa;
2. Certificate of Residence;
3. Proof of Funds or a valid bank statement;
4. Certificate of Ownership;
5. Certificate of Ownership Registration;
6. Certificate of Land Use and Construction;
7. Certificate of Land Use and Construction Registration;
8. Deed of Sale and Purchase.

Monarchy Da Nang 

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